OREANDA-NEWS. On Friday, OFZ bonds came under pressure, following the correction on the Russian FX market. Hence, the curve moved up 20bp, yield-wise, with long dated bonds weakening 0.8-1.0pp in price, while the belly lost 0.4-0.8pp and short tenors closed 0.4pp lower. The curve remained inverted, with the 2s10s spread at -59bp.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts